Fincorp Al Amal Fund elects new Chairman and board members

Sayyid Aymen bin Hamad bin Hamoud Al Busaidi Chairman of the fund

  
Fincorp Al Amal Fund elects new Chairman and board members

At the AGM held on the 25th of March 2018, the Fincorp Al Amal Fund Board Members elected a new board and chairman for the Fund. Sayyid Aymen bin Hamad bin Hamoud Al Busaidi was elected as the Chairman, Mr. Kasiraman Swaminathan as Vice Chairman and Mr. Shikhar Dharamsey Nensey, Shaikh Khalid Abdullah Ali Al Khalili, Shaikh Nasr Amur Shwain Al Hosni as Board members.

Fincorp Al Amal Fund board welcomes Sayyid Aymen bin Hamad
bin Hamoud Al Busaidi as Chairman of the fund. Sayyid Aymen is the Vice Chairman at SABCO Group and holds top positions in other companies.

The fund ended the first Quarter of 2018 with a gain of 7.80% compared to its benchmark’s gain of 6.01%. Fincorp Al Amal Fund has achieved YTD return of 11.42% as against the benchmark return of 9.56%. The fund has been doing well and is amongst the top Oman domiciled GCC mandated funds. The Fund’s performance has attracted fresh investors in the fund and has collected 45% additional AUM during the last year.

Mr. Aiman Hassan Al Balushi and Mr. Gaurav Ramaiya, the Fund Managers commented “The Fund’s investment strategy seeks to build a portfolio of stocks with attractive fundamentals, valuations and dividend yields, while actively managing downside risk in case of further market corrections. Regional markets offer attractive valuations and some of the highest dividend yields amongst emerging markets and are attractive to equity investors seeking higher returns outside of developed markets.”

Mutual Funds play a significant role in the development of the capital markets. The investors need to look at Mutual Funds as a medium to long-term investment asset class with a three to five-year investment horizon.

© Press Release 2018

More From Press Releases